Swiss National Bank lessened its position in Sea Limited (NYSE:SE – Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,302,700 shares of the Internet company based in Singapore’s stock after selling 113,800 shares during the quarter. Swiss National Bank’s holdings in SEA were worth $75,609,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP increased its holdings in shares of SEA by 15.0% in the first quarter. Wasatch Advisors LP now owns 782,277 shares of the Internet company based in Singapore’s stock valued at $67,706,000 after purchasing an additional 102,272 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of SEA by 62.6% in the first quarter. Principal Financial Group Inc. now owns 42,814 shares of the Internet company based in Singapore’s stock valued at $3,706,000 after purchasing an additional 16,483 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of SEA by 1.6% in the second quarter. IFM Investors Pty Ltd now owns 66,363 shares of the Internet company based in Singapore’s stock valued at $3,852,000 after purchasing an additional 1,075 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of SEA by 3.5% in the second quarter. Mackenzie Financial Corp now owns 19,331 shares of the Internet company based in Singapore’s stock valued at $1,116,000 after purchasing an additional 647 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SEA by 42.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 498,824 shares of the Internet company based in Singapore’s stock worth $28,952,000 after acquiring an additional 149,200 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on SE. Wedbush reissued an “outperform” rating and set a $48.00 target price on shares of SEA in a research note on Wednesday, September 6th. TD Cowen cut their target price on SEA from $65.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 22nd. CICC Research cut SEA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 18th. UBS Group raised SEA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $86.00 in a research note on Monday, July 31st. Finally, Bank of America cut their target price on SEA from $73.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.88.
SEA Trading Up 7.3 %
NYSE:SE opened at $38.48 on Thursday. The firm has a market cap of $21.73 billion, a PE ratio of 98.67 and a beta of 1.70. The stock has a fifty day moving average price of $41.95 and a 200 day moving average price of $53.20. Sea Limited has a 12-month low of $34.87 and a 12-month high of $88.84. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.
SEA (NYSE:SE – Get Free Report) last released its earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.17 billion. SEA had a net margin of 2.17% and a return on equity of 4.69%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted ($1.02) earnings per share. Sell-side analysts anticipate that Sea Limited will post 1.09 earnings per share for the current fiscal year.
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.
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